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16 Apr 2021 | 07:44

Kainos annual results seen at upper end of consensus forecasts

(Sharecast News) - IT provider Kainos said on Friday that results for the year to the end of March 2021 are set to be at the upper end of consensus forecasts after the momentum outlined in its trading update in January was maintained. The company said demand in both of its divisions - Digital Services and the Workday Practice - continued to be robust, both from existing and new customers, despite the uncertainty generated by the Covid-19 pandemic.

"We are grateful for the continued trust that our customers place in Kainos as we help in the delivery of their key digital transformation projects," it said.

"Looking ahead, our robust pipeline, strong balance sheet and significant contracted backlog underpins our confidence in the outlook. And whilst we are mindful of the ongoing challenges caused by Covid-19, we believe that we are well-positioned for further growth and remain confident in our strategy."

Kainos said that following strong recruitment, it now has 2,024 employees and contractors worldwide, which is an increase of 309.
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